COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2913, 12 January 1910, Page 22

COMMERCIAL CABLEGRAMS.

LONDON, January 4. Wheat. —An Australian cargo sold at 39s 7£d, 22,009 quarters December-January shipment at 33 s 3d; 14,000 quarters JanuaryFebruary shipment at 59s 4gd-; 6000 tons per stc:i:r.<>r, Deccmbcr-Jar.'uary shipment, at 40s; and 5300 tens December shipment at 40s 9d. January 4. I The copper supplies are 35,585 tons, tic- i liveries 32,281 tons, stocks 109,022 tons, I afloat 3300 tons. Shares in, the Australian and New Zealand Mortgage Company are quoted at £93, all others being - unchanged. January 5. At the tallow sales 949 " casks were offered and 453 sold. Mutton—fine 37s 6d, medium 35s 6d; beef—fine 465, medium 52s 6d. An Australian cargo of wheat, also 21.000 quarters now loading - , 10,000 quaff- - ters of December and January shipment, i and 6000 tons per steamer, January and | Fcbuary, were sold at - 40s: 6400 tons of \ January shipment were sold at 40s net; 14.000 quarters of Janusw and February ! shipment at, 39s 10-Ad; 5900 tons December steamer at 40s 9d: and 5400 tons January steamer at 40s 6d net. January 6. Two cargoes of Australian wheat have been gold at 40s and 41s respectively; 12.000 quarters. Deceoi-bab-January shipment, were sold at 40s 3d. The American visible supply is 55,303,000 bushels. January 7. The Bank of England returns show the stock of gold coin and bullion to be £52.791.000: reserve, £23,288.000; proportion of reserve to liabilities. 39.40. The notes in circulation total £28.866.000 ; public deposits, £9,937,000; other deposits, Goy'jfi'aioieat aeuui- ■

{ties, £17,508,000; other securities, £36,211,000. | The bank rate of discount is 4 per cent. i Short-dated loans are discounted at per cent., and three months’ bills as follows :—London, 3 5-16 per cent.; Paris, 2f; Berlin, 3|. Consols are quoted at £B2 7s 6d> The following are the quotations for Colonial Government stocks, compared with those ruling a week previous :

The wheat markets are strong and active. Holders are very firm. An Australian cargo and about 40,000 quarters and 5000 tons December, January, and February shipment sold at 40s 3d; 10,500 quarters expected January shipment at 40s 4^-d; a cargo at 40s 3d net, and a second cargo at 41s. The flour market is steady, but inactive, prices being unchanged. The oat market is firm. La Plata March and April shipment, 15s. Butter : Danish, easier, 120 s to 121 s; colonial is firm, despite the arrival of nearly 100,000 boxes; there is good inquiry at late rates for secondary. Australian is scarce, and very firm at 104 s; choicest New Zealand, 110 s to 112 s. Cheese : Firmer. New Zealand, 55s to 565; Queensland. 53s to 545. The Bradford wool market is excited for cross-breds, and there is firm trade in merinoes; 40’s 46’s 17d; super futures unchanged. January 8. The British imports in December increased by £3,960,000, the exports by £4,538,000, and the re-exports by £1.448.000, as compared with the previous December. The copra market is active. South Sea bags £24. The stock of kauri gum is 365 cases. The hemp market is dull. October shipment £2B. The rabbit market is quiet. Large Sydneys 16s ex store, Victorians 15s. Sheep : Canterbury, unchanged; Southland, 4d; North Island, 3|d. Lambs : Canterbury light, 4|d; medium, 4Ad : heavy, unchanged ; Southland, 4d ; North Island, unchanged. Beef : None offering. Australian sheep, unchanged. Lambs, best brands, 3|d ; fair quality, ofd; inferior quality, Beef: Fores, 2^d; hinds, 25d. River Plate sheep : heavy, 3|d-; light, s|d. Beef: Fores, 29-16 d; hinds, '2 15-16 d. Lambs : Unchanged. Weddell’s Annual Review of the Meat Trade estimates that the total output for 1809 from the world’s freezing works was £01,371 tons whereof 488,720 tons came to the United Kingdom. The general improvement in trade during the last quarter Pas already caused freer consumption, and ,t is honed that the improvement will develop, because it is probable that the United Kingdom will have to absorb the whole of the world’s output. The better consumption and demand which may be expected ought to cause some recovery in values. January 9. Five cargoes of Australian wheat sold at 40s 9d, a cargo of 6000 ton? of January shipment at 41s, two cargoes at 4ls 3d, a cargo at 41« ltd, and 14,000 quarters January and February shipment at 4Cs Y^d. Copper: Spot, £6l Is 3d; three month®, £62. Tin; Spot, £149 7s 6cl; three months, £l5O 12s 6d. Lead, £l3 15s. Silver. 24-Id nor oz Cotton: January and February shipment, 8. Cod. Tin Plates: T.C. coke, 13s 10£d; I.C. charcoal, 14s o*d. Fencing wire, £7 7s Cd. Cement, 5s and 4s 9d, according to brand. NEW SEASON’S WHEAT. r ADELAIDE, January 8. The first of the new season's wheat steamers has sailed. She took 255,000 bushels.

New South Wales 4’g .. Dec. 31. .. 107 Jan. T 107 New South Wales 34’a 99 89 £ New Stout-h Wales 3’s set 86-4 Victorian 4’s 1024 1024 Victorian .'it’s .. •• 974 93 Victorian 3’s ■ 85 85 Queensland 4’s .• *. 1024 102| Qusncsland 31’s .. S &k 98 Queensland 3’s 84J 85 South Australian 3J’s 974 37£ South Australian 3’s .. 83 4 834 New Zealand 4’s .. 105J 1054 New Zealand 3J’s 98 98 New Zealand 3’s . * 864 36J Tasmanian 3i’a Tasmanian 3’s 97 97 87| 87# West Australian 34’s .. 982 9S£ West Australian 3’s 83 88